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  1. The insurance and claims sectors are grappling with rising claim severity and medical inflation, impacting the stability of the casualty market.

Escalating claim severity and rising medical costs are impacting the US property and casualty industry.

1 report, 1 independent Updated Sep 8
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What happened

Some supportReported by 1 outlet

Escalating claim severity and rising medical costs are impacting the US property and casualty industry.

How it developed

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  1. Minor crashes are leading to delayed injuries, complicating insurance claims and affecting employment.Sub-event
  2. Escalating claim severity and rising medical costs are noted in Commercial Auto and General Liability sectors.1 source

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The insurance and claims sectors are grappling with rising claim severity and medical inflation, impacting the stability of the casualty market.

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Coverage

Newest first; wire copies grouped